Mortgage rates have tumbled to a new all-time low, falling to a 2.67 percent, according to the weekly Primary Mortgage Market Survey released by Freddie Mac.
The survey released Thursday found:
- The 30-year fixed-rate mortgage averaged 2.67 percent with an average 0.7 point for the week ending December 17, down from last week’s 2.71 percent and last year’s 3.73 percent.
- The 15-year fixed-rate mortgage averaged 2.21 percent with an average 0.6 point, down from last week’s 2.26 percent and last year’s 3.19 percent.
- The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.79 percent with an average 0.3 point, unchanged from last week and down from last year’s 3.36 percent.
“The housing market continues to surge higher and support an otherwise stagnant economy that has lost momentum in the last couple of months,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates are at record lows and pushing many prospective homebuyers off the sidelines and into the market. Homebuyer sentiment is sanguine and purchase demand shows no real signs of waning at all heading into next year.”